According to the FBI, BEC attacks have caused over $43 billion in business losses since 2016, representing a 65% overall increase. Similar warnings have also been issued by the IRS and the FTC. Some in the cybersecurity community are also concerned that the global crackdown on ransomware attacks could lead to many of those cybercrime […]
As cyberattacks grow ever more damaging and widespread, business leadership must become more involved in cybersecurity – and recognise that prevention of breaches is just as important as detection.
When there is incongruity between the extent of the Board’s cybersecurity knowledge and the level of decision-making authority they hold, that’s a recipe for bike-shedding.
Around 36% of small businesses have been victims of data breaches in 2019, according to a recent Kaspersky survey. While data breaches threaten small companies with painful consequences, the survey revealed that security measures taken by them to prevent such incidents are often insufficient.
Why do strategies fail? When coming up with a strategy, how good are the assumptions you have made about markets, competitors, capabilities, costs, regulation and technology? Is your strategy still viable if assumptions go wrong? Are your structures, processes, decision-making mechanisms, metrics and reward systems future-facing? Whether your business is a large, multi-national player or […]
For every technological innovation pushing enterprises forward today, there seem to be just as many horror stories about data leaks, successful hacks, ransomware and worse. It’s enough to give even the most confident business leader pause, and likewise, it’s indicative of a disconnect that exists between the pace of innovation and technological implementation, and the […]
One of the most painful aspects of growing a business are surprise shocks or accidents that hit the reputation, cash, profitability or business plans with such impact that it threatens the very future of the company and potentially the founder. Richard Branson’s risk-taking is legendary. He has said it is the essence of entrepreneurship to […]
In the past, corporate espionage and theft of intellectual and physical property were among the top security concerns for businesses, now the Internet of Things has its own security threats, and with net connectivity championing most of today’s business functions, the risk is high.
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